XML 15 R2.htm IDEA: XBRL DOCUMENT v3.24.0.1
Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
​
​
​
Year
​ ​
Summary
Compensation
Table Total for
PEO
​ ​
Compensation
Actually Paid to
PEO
​ ​
Average
Summary
Compensation
Table Total for
Non-PEO NEOs
​ ​
Average
Compensation
Actually Paid
to Non-PEO
NEOs
​ ​
Value of Initial
Fixed $100
Investment Based On:
​ ​
Net Income
​ ​
Total Revenue
​
​
Total
S/H
Return
​ ​
Peer
Group
Total
S/H
Return
​
(a) ​ ​
(b)
​ ​
(c)
​ ​
(d)
​ ​
(e)
​ ​
(f)
​ ​
(g)
​ ​
(h)
​ ​
(i)
​
2023
​ ​ ​ $ 4,764,786 ​ ​ ​ ​ $ 4,678,473 ​ ​ ​ ​ $ 2,289,333 ​ ​ ​ ​ $ 2,241,325 ​ ​ ​ ​ $ 164 ​ ​ ​ ​ $ 180 ​ ​ ​ ​ $ 30,272,000 ​ ​ ​ ​ $ 1,248,825,000 ​ ​
2022
​ ​ ​ $ 8,337,803 ​ ​ ​ ​ $ 7,320,256 ​ ​ ​ ​ $ 1,847,292 ​ ​ ​ ​ $ 1,584,637 ​ ​ ​ ​ $ 160 ​ ​ ​ ​ $ 141 ​ ​ ​ ​ $ 32,110,000 ​ ​ ​ ​ $ 1,110,941,000 ​ ​
2021
​ ​ ​ $ 11,030,203 ​ ​ ​ ​ $ 15,757,927 ​ ​ ​ ​ $ 4,742,450 ​ ​ ​ ​ $ 5,161,976 ​ ​ ​ ​ $ 179 ​ ​ ​ ​ $ 161 ​ ​ ​ ​ $ 158,964,000 ​ ​ ​ ​ $ 1,394,035,000 ​ ​
(1)
Amounts represent total compensation paid subject to adjustments for each fiscal year to the amounts listed under the “Stock Awards” section of the “Summary Compensation Table” to include (x) the fair value of share-based awards granted in the covered and prior fiscal years that are outstanding and unvested at the end of the covered fiscal year; (y) the full value of awards granted in prior fiscal years that vest in the covered fiscal year; and (z) the full value of awards that are forfeited in the covered fiscal year.
   
Company Selected Measure Name Total Revenue    
Named Executive Officers, Footnote
Our executive officers consist of Mr. A.G. Lowenthal, our Chairman and Chief Executive Officer, and Mr. R.S. Lowenthal, our President, each of whose background is described above, and Mr. Watkins, our Chief Financial Officer and principal financial and accounting officer, whose background is described below.
   
PEO Total Compensation Amount $ 4,764,786 $ 8,337,803 $ 11,030,203
PEO Actually Paid Compensation Amount 4,678,473 7,320,256 15,757,927
Non-PEO NEO Average Total Compensation Amount 2,289,333 1,847,292 4,742,450
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,241,325 1,584,637 5,161,976
Equity Valuation Assumption Difference, Footnote
(1)
Amounts represent total compensation paid subject to adjustments for each fiscal year to the amounts listed under the “Stock Awards” section of the “Summary Compensation Table” to include (x) the fair value of share-based awards granted in the covered and prior fiscal years that are outstanding and unvested at the end of the covered fiscal year; (y) the full value of awards granted in prior fiscal years that vest in the covered fiscal year; and (z) the full value of awards that are forfeited in the covered fiscal year.
   
Compensation Actually Paid vs. Total Shareholder Return
[MISSING IMAGE: lc_ttlshare-4clr.jpg]
   
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: lc_netincome-4clr.jpg]
   
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: lc_revenue-4clr.jpg]
   
Tabular List, Table
The Compensation Committee, in consultation with the Chief Executive Officer, developed various performance criteria related to incentive compensation for the Named Executive Officers, as further discussed in the “Determination of 2023 Compensation” section. When applying this criteria, it utilized the following financial performance measures as the most important measures to link performance of the Company to the compensation actually paid to the Named Executive Officers, including the compensation paid to the Chief Executive Officer, for fiscal year 2023:
•
Total shareholder return;
​
•
Net income; and
​
•
Total revenue.
   
Total Shareholder Return Amount $ 164 160 179
Peer Group Total Shareholder Return Amount 180 141 161
Net Income (Loss) $ 30,272,000 $ 32,110,000 $ 158,964,000
Company Selected Measure Amount 1,248,825,000 1,110,941,000 1,394,035,000
PEO Name Mr. A.G. Lowenthal    
Measure:: 1      
Pay vs Performance Disclosure      
Name Total shareholder return    
Measure:: 2      
Pay vs Performance Disclosure      
Name Net income    
Measure:: 3      
Pay vs Performance Disclosure      
Name Total revenue